OLCB Ohio Legacy Corp. (MM)

Ohio Legacy Corp (NASDAQ:OLCB) announced today that L. Dwight Douce, EVP and member of the Board of Directors, will retire from the company and the board effective January 31, 2007. In his letter to the company Mr. Douce stated: �I look back on my role in the founding of the company with appreciation for the efforts of the communities and employees who helped make Ohio Legacy Bank possible, it was a team effort. The foundation has been laid with this team to become a highly successful financial institution.� Mike Kramer, President and CEO of the company commented: �It is safe to say that there would be no Ohio Legacy without Dwight. While we are disappointed for our loss, we are excited for Dwight and Barb and the time that they�ll now have to enjoy with children and grandchildren. The employees and directors of the company wish Dwight and Barb nothing but the best in this next chapter of their life together.� Mr. Douce served as an Executive Vice President of the company after having been President and CEO of Ohio Legacy from 2000 through 2005. As part of a succession plan announced by the board of directors in April of 2005, Mr. Kramer was named President and CEO January 1, 2006. Ohio Legacy Corp is the parent of Ohio Legacy Bank, a community bank founded in the year 2000. The company operates banking offices in Wayne, Stark and Holmes counties. Certain statements made in this release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this release, the words "may," "will," "should," "would," "anticipate," "expect," "plan," "believe," "intend," and similar expressions identify forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from the results, performance or achievements expressed or implied by such forward-looking statements. Such factors include risks relating to changes in interest rates; risks of default on and concentration of loans within our portfolio; the possible insufficiency of our allowance for loan losses, regional economic conditions; competition; governmental regulation and supervision; failure or circumvention of our internal controls; disruption of business or dilution of shareholder value as a result of mergers or acquisitions; our ability to retain key personnel; failure or disruption of our information systems; technological change; and other factors described in our periodic reports filed with the SEC. We undertake no obligation to revise or update these risks, uncertainties and other factors except as may be set forth in our periodic reports.